Global Finance

A monthly publication providing news and analysis of global market and economy. Focuses on corporate finance, capital markets, and more.

Articles from Vol. 16, No. 10, October

Banking Home Truths
Picking the world's best banks is never an easy task, but it's always an illuminating one. Some clear lessons emerge from this year's exercise. Many winners exhibited certain key characteristics. Controlling costs proved crucial in a year in which revenues...
Best Banks in Project Finance 2002
Global Finance selects the winners in a specialized area of finance where the risks can be high, but the rewards are commensurate. * By Gordon Platt PROJECT FINANCIERS ARE LIKE swat teams that put on protective armor before going into action, says Chris...
Central Banker Report Cards 2002
ANNUAL SURVEY CENTRAL BANKER REPORT CARDS AS ALWAYS, THIS YEAR'S CLASS HAS BEEN JUDGED OBJECTIVELY ON THE BASIS OF SIX KEY CRITERIA: * Distinction in monetary policy * Autonomy * Transparency * Commitment to subduing inflation * Setting appropriate interest...
Europe/Asia: Euro Still Enjoys Yield Advantage
While the slide in European stock markets this year has been a lot steeper than in the US equity markets, real long-term bond yields in Europe have not fallen nearly as much as in the United States, a factor that could support the euro, according to...
Heavy Metal Titans Clash in Turf War
COUNTRY FOCUS RUSSIA Russia's metals companies are cleaning themselves up as they seek new capital to makeover a key national resource. They are preparing for a wave of consolidation. By Oonagh Leighton Big Oil has led Russia's industrial renaissance...
Island Nation Rides the Tech Tides
COUNTRY REPORT ICELAND With its highly literate, technologically savvy population, Iceland made the most of the tech boom. The bursting of the bubble has led to a re-evaluation of its prospects. ICELAND: BASIC FACTS LAND AREA: 103,000 sq. km POPULATION:...
Processing and Payments Technology Still Promises More Than It Can Deliver
GLOBAL CUSTODY INFRASTRUCTURE Securities processing is constantly on the verge of a remake. In reality, the transformation of the back office environment is going to be a slower process than was first imagined. By Graham Field GSTPA,TFM,T+ 1, CREST,...
Steady as She Goes Is Message as Plan Sponsors Look Anew at Asset Allocation
EMPLOYEE BENEFITS ASSET ALLOCATION It is not an easy time to be a defined plan sponsor, but managers are looking before they leap into new asset classes. By Paula L. Green While equity prices have plummeted and corporate bond defaults are skyrocketing,...
The Americas: Mexican Peso Displays Multiple Personalities
CORPORATE FINANCING NEWS FOREIGN EXCHANGE With currency markets churning in early September, the Mexican peso put on a display of multiple personalities. One day it was a "petro" currency, getting a lift from rising oil prices.The next day it sank with...
The Americas: Qwest Sells Phonebook Unit for $7 Billion to Cut Debt
CORPORATE FINANCING NEWS MERGERS & ACQUISITIONS Denver-based telecom Qwest Communications International sold its phonebook business for $7.05 billion in a move to trim its $26 billion debt load.The troubled telecom, which acquired "Baby Bell" US...
The Americas: Slow US Recovery Sparks Bond Rally
CORPORATE BONDS THE AMERICAS The slow US economic recovery helped spur a rally in the corporate bond market in August, with the high-yield sector rebounding from its recent poor performance. The rally was also in part the result of the quiet passing...
The World's Best Banks 2002
Global Finance unveils its annual list oft world's best global, regional and country banks: a group of over 80 eminent institutions. IT'S BEEN A TORRID TIME FOR THE BANKING industry in many parts of the world, and that is reflected in Global Finance's...
Turkey: Efes Aims to Be Turkey's First True Multinational
COMPANIES ON THE MOVE EFES BEVERAGES We want to be the number one beverages company between the Adriatic and China-a regional multinational." Muhtar Kent, CEO of Efes Beverages Muhtar Kent passionately expounds on the need for Turkey to modernize and...